Net Worth Update: March – $151,355.70 (holler)

Updates like today’s are exactly why tracking net worth can be exciting – we’re up $15Gs!

And I would have had no idea too had we not been tracking all this stuff ;) Granted, we’re heavily invested into the stock market so it fluctuates quite a bit, but the point is we have a solid number to compare to every month. This way we know if our game plan is working or not.

In a nutshell, my evil plan to max out my 401(k) early this year is well on its way :) What you see here is only a portion of the 90% paycheck contributions (& matches) hitting my account – the rest of the deposits should start dropping in anytime. And I must admit, it feels GREAT seeing these numbers rise this month! The last couple of net worth updates blew.

Net Worth break down: March, 2010

CASH SAVINGS(+$6.45): This was actually a little mistake here on my part – we should be down about $1,500 but I was fooling with our company’s 401(k) site and forgot to change my % back to 90%, thus resulting in a full payment of one of my checks for the month :) But I guess it’s not that bad of a problem, eh? Just extends my evil plan by 2 weeks…

EMERGENCY FUND($0.00): Same $10,000 this month as it was last month, and the month before, and the month before that. The good thing about reaching your goal here is that you can then concentrate on all the others you’ve got brewing!

ROTH & TRADITIONAL IRAs($1,348.98): Still haven’t put in a dollar to either of our IRAs this year. As soon as my 401(k) is matched we’ll be on to these guys…

401(k)s($13,231.87): Bow chicka wha wha!! Most of this is due to the market rallying, but a good portion also comes from my paycheck contributions hitting. Here’s how it breaks down:

Contributed: +$2,812.50

Company match: +$2,812.50

Market fluctuation: +$7,606.87

AUTOS WORTH (kbb)(-$100.00): Another expected drop in value. Would be awesome if we only lose $100 every month! :) It’s usually the Toyota that gets the hit too – my caddy has stayed in value for a while now, pretty awesome. Here’s how they break down:

HOME VALUE (Realtor)($0.00): This will remain @ $300k (the price our realtor set it at) until I hit him up later for another review. He’s the master in our particular neighborhood, and has been selling (and living) in this area for 20+ years. I’ve given up on Zillow, and I always forget about Redfin.com.

CREDIT CARDS (-$371.29): As I mentioned last month, we now have credit card debt! Wahooo! Haha….I’m actually excited because we finally went through with booking our 10-day Eurotrip. I know it’s fiscally irresponsible to hold debt when you’ve got the cash to wipe it away, but I’m doing this on purpose to MOTIVATE me to pay it off quicker so you guys don’t see it anymore ;) It’s all about knowing yourself, baby!

MORTGAGES(-$0.43): Because we bought this vacation above, we’ve now stopped paying off more of our mortgages. It’s not the worst thing in the world, but I’ll def. miss seeing these #’s go down for a bit. Well be back in no time, though. Here’s how they break down:

That about covers it. Not too shabby a month if you ask me! It’s always nice to see your hard work and saving skills come to fruition over time. No getting-rich-quick here, that’s for sure. We just do what we can do every day, week, month, and year until one day we’re sitting on that beach smiling! It’s all a work in progress my friends, and I hope your numbers are looking equally as exciting :) Drop us a note and let us know.

—————–*My budget has now been updated.
**And so have my sidebars. And my excitement for Kal Pen (Kumar) leaving Obama to go work on White Castle III! W00t.

Net Worth Update: March – $151,355.70 (holler) was last modified: April 8th, 2017 by J. Money

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PS: Here are a couple of spreadsheets to help track your money and/or net worth if you're looking to get started (and love manually tracking it as I do :)):

If you're not a spreadsheet guy like me and prefer something more automated (which is fine, whatever gets you to take action!), you can try your hand with a free Personal Capital account instead.

Personal Capital is a cool tool that connects with your bank & investment accounts to give you an automated way to track your net worth. You'll get a crystal clear picture of how your spending and investments affect your financial goals (early retirement?), and it's super easy to use.

Jay loves talking about money, collecting coins, blasting hip-hop, and hanging out with his three beautiful boys. You can check out all of his online projects at jmoney.biz. Thanks for reading the blog!

Also, I thought mine eyes had deceived me, but I just wanted to let you know your Mortgage 1 value looks a bit funky! Quick look makes it look like 28K… But I think its supposed to be 286…Unless you won the lotto and want to tell us something? Or give me a cut?

Not too shabby at all J!
I’ve started tracking ours again, although our pensions are a little different in the UK; we don’t have a progress figure, just an amount it’s worth at retirement{at 65} ; which is ok but I’d love to track it in my NW

@[email protected] – Very interesting, so you just get one set amount once you hit 65? Does everyone get the same # or are there a lot of variables that come into play? Or am I just a big moron for not knowing? ;)

@duddes02 – haha…2 things:

1) Oh yeah, they def. know! In fact, it was set up so the big dawgs could max out easier and as crazy AWESOME as our matches are, hardly anyone else takes advantage!!! So crazy man, that’s FREE money right there on the table…$hit, even if you can’t afford to max out, at least contribute *something* to the post, you know? Put in 5% and get 5% back, put in 10% or just put in 1% – something! man…getting all fired up now just thinking about it, sorry ;)

2) It’s an excellent perk, but the trade off is I don’t have job security. I could literally walk into work tomorrow and be told we’ve sold or are shutting down. I’m going on 4 years now and at this point I feel like I’m on “extra time” – every day i’m here is a day i’m not counting on ;) But you better believe I’ll be riding it out until it ends!

Yeah, I totally get why you think your coworkers are nuts not to contribute! I have never heard of a company that has that sort of plan, it’s amazing. of course, job secruity is nice but you are certainly taking advantage of your situation.

haha, indeed I did…would be interesting to put a price-tag on this site, but I’m not going to jinx myself anytime soon ;) all the money this site makes is factored into these numbers though, just not the asset of this blog.

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